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Bullard: Policy More Accommodative; Economy to Grow Faster
Thursday, January 10, 2013
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While monetary policy has become more accommodative than it was six months ago, GDP should grow faster than potential for the next two years, Federal Reserve Bank of St. Louis President James Bullard said Thursday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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